<aside> 💡 Typically, there is a catalog of transactions that require the consent of various parties. Thereby, a distinction is made between...

a) ⚖️ shareholder resolutions, which are passed by a simple majority of the votes cast, unless mandatory statutory provisions provide otherwise. Some items require the approval of the majority of investors.

b) 🏛️ shareholder resolutions, where the Management Board is obliged to obtain the prior approval of the Advisory Board before taking certain actions/measures, unless such actions/measures are included in the respective approved annual budget of the company.

View the bullets to the right for some exemplary discussion points:

</aside>

General

• Liquidation and dissolution of the company; application for the opening of insolvency procedures or protective screen procedures relating to the company
• Disposal of IP rights of the company and the granting of licenses with regard to IP rights of the company
• Relocation of the company’s registered office or change of its business address
• Investments in R&D projects or in assets exceeding an amount of EUR XY,000.00

Shares

• Changes to the rights, preferences, or privileges of shares
• Increase or decrease of the registered share capital

Organization

• Changes to the advisory board
• Appointment and removal of managing directors and holders of general commercial proxy
• Exemption of employees or managing directors from statutory or contractual non-compete obligations
• Conclusion, termination or amendment of employment contracts with an annual gross salary including bonuses of more than EUR XY,000.00

Financials

• Approval of the annual financial statements and the appropriation of profits
• Approval of the annual budget and plan

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